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ART Arteche Lantegi Elkartea SA News Story

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Brief: Arteche Buys 35% Stake In Uptech

March 18 (Reuters) - Arteche Lantegi Elkartea SA ARTC.MC:

ACQUISITION OF STAKE IN UPTECH

ACQUIRES 35% OF UPTECH SENSING SHARES

TRANSACTION VALUE (ENTERPRISE VALUE OF CO) IS ABOUT 11 MILLION EUROS

PRICE PAID IN CASH, WITH CURRENTLY AVAILABLE FUNDS

DEAL INCLUDES ARTECHE TAKING A SEAT ON UPTECH'S BOARD OF DIRECTORS

UPTECH SENSING SPECIALIZES IN DEVELOPMENT OF DISTRIBUTED OPTICAL SENSORS AND INTELLIGENT MONITORING SYSTEMS

Source text

Further company coverage: ARTC.MC

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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